Commodity Prices

Gold •788 days	2,368.70	+35.30	+1.51%
Platinum •19 mins	1,811.00	-43.30	-2.34%
WTI Crude •11 mins	85.32	+1.92	+2.30%
Gasoline •40 mins	3.490	+0.000	+0.00%
Ethanol •788 days	2.161	+0.000	+0.00%
Silver •788 days	30.82	+1.16	+3.92%

Silver • 788 days	30.82	+1.16	+3.92%
Copper • 788 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	90.29	+2.19	+2.49%
Natural Gas • 10 mins	2.872	-0.016	-0.55%
Heating Oil • 1 hour	4.423	+0.067	+1.53%

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USD/CHF: Testing The Key Support at 0.9084/0.9079

By - Feb 05, 2013, 5:16 AM CST

USD/CHF is testing the low of its horizontal range between 0.9079 and 0.9383. A decisive break of this support would open the way for a move towards the strong support at 0.8931, whereas a break of the hourly resistance at 0.9121 (31/01/2013 high) is needed to improve the short-term outlook. Another resistance is at 0.9227 (30/01/2013 high).

The break of prior support at 0.9423 (18/06/2012 low) has invalidated the succession of higher lows that started in August 2011. The lower low made on 20 December 2012 confirms a bearish bias. A break of the key resistance at 0.9383 (see also declining channel on a daily chart linking the 28 August top with the one made on 13 November) is needed to negate this bias.

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